Markets Don't Fail! addresses many of the popular arguments made by economists and other intellectuals against the free market. Using numerous examples as well as moral and epistemological arguments, this book claims that free market economies raise the standard of living of all individuals who live in them, and allow human life to flourish.It is beneficial to eliminate only those externalities that violate individual rights. ... by requiring the farmer to compensate the landowner, or pay for the cleanup of the chemicals, and ensure that it does not happen again. ... Here, it would have been improper for the government to act to correct the negative externality. Likewiseanbsp;...
|Title||:||Markets Don't Fail!|
|Author||:||Brian P. Simpson|
|Publisher||:||Lexington Books - 2005-01-01|